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I'm not sure why you're complicating things.Don't believe any twitterati..
In the ACC, the conference is assigned each school's right as necessary to meet the conference's obligation under the ESPN contract (wording in GOR).
If the ACC and ESPN agree on a contract modification that does not demand a program's participation as a requisite to meet the obligations of the conference to ESPN...the conference has no hold on that program's rights.
The GOR can't be dissolved unless a certain number of schools agree to let the other schools go.
That's not going to happen anytime soon.